Common use of Interest on Domestic Swing Line Loans Clause in Contracts

Interest on Domestic Swing Line Loans. Each Domestic Swing Line Loan shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) for the Interest Period selected therefor at the Domestic Swing Line Rate for such Interest Period, provided that if any Domestic Swing Line Loan is not paid when due (whether by lapse of time, acceleration or otherwise), such Domestic Swing Line Loan shall bear interest whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate set forth in Section 5.5 hereof. Interest on each Domestic Swing Line Loan shall be due and payable on the last day of each Interest Period applicable thereto, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand.

Interest on Domestic Swing Line Loans. Each Domestic Swing Line Loan shall bear interest (computed on the basis of a year of 360 365/366 days and actual days elapsed) for the Interest Period selected therefor at the Domestic Swing Line Rate for such Interest Period, provided that if any Domestic Swing Line Loan is not paid when due (whether by lapse of time, acceleration or otherwise), such Domestic Swing Line Loan shall bear interest whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate set forth in Section 5.5 hereof. Interest on each Domestic Swing Line Loan shall be due and payable on the last day of each Interest Period applicable thereto, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand.